The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Aquila Energy Efficiency Trust PLC - London-based closed-ended investment companies focusing on small-to-medium-sized energy efficiency projects - Notes that investment commitments as at December 20 rise 15% to £100.7 million from £87.3 million a year ago. The increase in investment includes £8.6 million in four new investments, such as a £3.5 million investment in ground mounted solar photovoltaic plants for self-consumption for four farms, operated by a Spanish agricultural company with a capacity of around 4 megawatt peak. Says investment commitments now exceed the £98 million net initial public offering proceeds, due to cash inflows from existing investments.
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Camellia PLC - Kent-based agriculture and engineering services firm - Says its 37%-owned investee BF&M Ltd concludes strategic review. Camellia says it believes executing plan on a standalone basis is in best interest of all BF&M shareholders. ‘BF&M remains in a strong capital position, has the right strategic plan already in place and a foundation for growth. BF&M remains focussed on taking decisive steps to create value for its shareholders,’ Camellia says. BF&M offers residential and commercial property insurance, among others.
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IamFire PLC - London-based investment issuer focusing on social commerce, life sciences and natural resources opportunities - Pretax loss in the six months to October 31 widens to £169,560 from £86,186 a year prior. Company does not generate revenue. Administrative expenses widen 49% to £100,946 from £67,905. Finance costs are £199,760, flat from a year ago. Looking ahead, IamFire says: ‘The board continues to look forward to the future progress in both of its primary investments, WeShop and Bio2pure Ltd. Fire will update the market on these investments in the near term and the Directors would like to thank shareholders for their continued support.’
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Love Hemp Group PLC - London-based consumer goods company focussed on CBD health and wellness solutions - Notes allegations made by former managing director Philip Small, which it denies. Company intends to investigate the comments. ‘For context, the board recently questioned the validity of some VAT recharge invoices outstanding to Philip Small and asked him to provide proof of the so called monies outstanding relating to VAT rebates. So far, Mr Small has not been able to provide such evidence and the validity of those invoices remain in question. Mr Small has since sent threatening and abusive messages stating that if the invoice payments are not made, he will be releasing information about Love Hemp & the previous board,’ the company says. Love Hemp says the comments by Mr Small relate to ‘a secured loan, made by a group of investors which included Kamran Sattar.’ Sattar is the Chief Executive Officer of Portillion Capital Ltd, a company that offers financial advice.
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Novacyt SA - Surrey-based biotechnology group focused on clinical diagnostics - Says 16-day High Court trial between Novacyt, Primer Design Ltd and the UK Department of Health & Social Care will begin on June 10, 2024. Back in April last year, Novacyt was notified that the DHSC had issued a claim against Primer Design Ltd and Novacyt for £134.6 million, in relation to a contract dispute. In June, Novacyt filed a defence of the claim made and a counterclaim of £81.5 million against the DHSC. Primer Design designs and sells products for polymerase chain reaction, or PCR. Covid tests commonly use PCR.
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